This may be self-explanatory. I currently have finance on a car with a VW dealer and have agreed to purchase a new car on PCP.
I have agreed to the monthly payment on the new car, signed an order form with all the financials and put down a part deposit. I already have a car on finance with them, I am receiving notifications through their app on when the new car will arrive.
Does the order form confirm I have been approved re-finance or will that happen when I go to pick up the car?
Hi Alx. Your new car purchase will require a new finance application. As part of the part-exchange process, the dealer will settle your existing finance agreement with the finance company, but you will still need to go through an application for a new finance agreement.
The new finance contract won’t be signed until a few days before you collect the new car.